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06-05-2024 10:40 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 6 May 2024 - Geojit Financial Services Ltd

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Gold LBMA Spot

Intraday momentum mostly choppy with mild recovery bias for the day.

Silver LBMA Spot

As long as $26 remain hold downside, expect recovery upticks for the day.

Crude Oil NYMEX

Choppy trades remains on the cards. A direct break below $76 would trigger another round of selling pressure.

Gold KG Jun

Support is placed at Rs 70000 which if cleared would extend corrective selloffs. Else, there are chances of recovery upticks.

Silver KG Jul

Inability to move past the support of Rs 79000 there are chances of recovery pullbacks for the day.

Crude Oil May

Stiff support is placed at Rs 6500. Break of which would extend selling pressure.

Natural Gas May

Positive bias likely to extend initially, but there is a stiff resistance is seen at Rs 182.

Copper May

While prices stays above Rs 845 upticks would continue the day.

Nickel May

Expect choppy with thin volume trading in the near future.

Zinc May

While prices stay above Rs 250 intraday outlook remain on the positive side.

Lead May

Prices most likely choppy inside Rs 192.50-190 levels initially.

Aluminium May

A direct drop below Rs 232 would see extension of selling pressure.

 

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